Weiss Ratings Reaffirms Hold (C+) Rating for First Industrial Realty Trust (NYSE:FR)

First Industrial Realty Trust (NYSE:FR)‘s stock had its “hold (c+)” rating reissued by research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other research analysts have also recently issued reports on FR. The Goldman Sachs Group lifted their target price on shares of First Industrial Realty Trust from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on shares of First Industrial Realty Trust in a report on Wednesday, October 1st. They issued a “neutral” rating and a $55.00 target price for the company. Scotiabank lifted their target price on shares of First Industrial Realty Trust from $51.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Royal Bank Of Canada lifted their target price on shares of First Industrial Realty Trust from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Mizuho lifted their target price on shares of First Industrial Realty Trust from $53.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, First Industrial Realty Trust presently has an average rating of “Hold” and a consensus price target of $56.58.

First Industrial Realty Trust Trading Down 1.0%

NYSE:FR opened at $55.27 on Friday. First Industrial Realty Trust has a one year low of $40.31 and a one year high of $58.17. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day simple moving average is $52.73 and its 200 day simple moving average is $50.33. The firm has a market capitalization of $7.32 billion, a P/E ratio of 30.88 and a beta of 1.07.

First Industrial Realty Trust (NYSE:FR) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. First Industrial Realty Trust had a net margin of 33.18% and a return on equity of 8.65%. The business had revenue of $181.43 million for the quarter, compared to analyst estimates of $182.63 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. First Industrial Realty Trust’s quarterly revenue was up 8.2% on a year-over-year basis. First Industrial Realty Trust has set its FY 2025 guidance at 2.940-2.980 EPS. As a group, analysts forecast that First Industrial Realty Trust will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FR. GAMMA Investing LLC raised its holdings in shares of First Industrial Realty Trust by 55.4% during the first quarter. GAMMA Investing LLC now owns 1,681 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 599 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of First Industrial Realty Trust by 26.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,935 shares of the real estate investment trust’s stock valued at $536,000 after purchasing an additional 2,106 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of First Industrial Realty Trust by 93.0% during the first quarter. Bessemer Group Inc. now owns 467 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 225 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of First Industrial Realty Trust by 4.8% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,136 shares of the real estate investment trust’s stock valued at $1,464,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in First Industrial Realty Trust during the first quarter valued at approximately $214,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

About First Industrial Realty Trust

First Industrial Realty Trust, Inc (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains.